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20131202
20131210
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deficit through chapter 9 bankruptcy. but as the court ruling showed, it was rushed into bankruptcy. governor schneider did not use bankruptcy as a last-ditch effort to save detroit. he used it as a first-ditch effort to make sure his buddies on wall street get paid first. the banks are at the front of the line, with their hand out, looking for the money that detroit generates. detroit is not broke. detroit generates nearly $2 billion in revenue in tax revenue every year. not only that, the governor had his eye on the pension fund, since he got into office. so, you know, for us, we pay taxes, because we want services. kevin orr does not understand how to deliver that service. he does not understand how to run a city. he understands how to take companies through bankruptcy. >> yeah. >> and if anybody thought that anything but bankruptcy was going to be the outcome when jones day and kevin orr is there, and then they hire all the consultants that come in from wall street, myers brinkerhoff gobbling up $5 million a month in tax revenue from the citizens of detroit and not putting a pol
the disaster. the ever growing government deficits, debt, doubling of people on welfare, what do you think in the privacy -- i know you spend time reading and you are a student of history. what do you think privately will happen to this country? >> i think -- hmm. i think that we are -- >> in trouble. >> yeah. i think we are in a situation that we will either rise and be our best sefls. i saw something over the weekend. 70% of americans don't trust each other. if that remains true, well, we become europe. we have to trust each other. we have to be our bet sefls. otherwise we breast cancer up and never come back. there is a good chance that with the mike lee and the ted cruz of the world we do to the republican party what happened to the wigs. there was no third party. there were 20 republicans. by 1860 they had a president elected. i think that can happen in a faster time because of the internet. the if people stick to their principles and the people of the country remain good and decent to each other. if we believe the things that we are playing "knockout" and fighting over a few extra bu
are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened to all the money we have already allocated, not only through the gas tax but states, municipalities and surcharges and -- where has that money gone. >> look around you and see in every community. we have had a dramatic reduction in the amount of money that has been available over the course of the last ten years. as i say, you haven't raised the gas tax in 20 years. >> but we have more gas revenue coming in because more people are driving and just demand -- >> that's not the case. >> is there a way to assure this in a lock box so it's intend for just that purpose? we do have a lot of other means by which we raise money to help our infrastructure, and our infrastructure still sucks. >> first of all, if you hadn't raised a fund
of these cash-strapped and deficit-strung countries in europe would like to have this when it comes to turning the private sector around? we're talking about 47 months. the jobless rate now is at 7% in this country. according to the bureau of labor statistics. we added 203,000 jobs in the month of november. it's all positive stuff. here's the bottom line. no republican help, no republican help for workers. no jobs package to make it better. this is all being done under president obama and the democrats' watch. john in this case coals, great to have you with us tonight. remember to answer tonight's question at the bottom of your screen. share your thoughts on twitter and ed show and facebook. we always want to know what you think. >>> coming up, a romney rerun. america has seen this movie before. but it's the only ticket that conservatives got to get into the theater. >>> plus, rush limbaugh's crude comments about the president and the pope have catholics demanding penance. stay with us. we're right back. from the frozen tundra. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks
washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the living room i
the growing deficit problems according to president obama and said that is the biggest challenge of our time and said that he is going to spend the last three years in office trying to battle that. that is a populist kind of message one that he tried to strike before the election of 2012 and again that he has tried to hit again and again about income in equality. it is tough for the president to make with this president dealing with the economy that he has been staeering now for a few years. >> i want to turn you to obama care. the administration it appears now knew more and more and more from the federal register in fact mid range estimates show that 76% of small group plans would be cancelled. 55% of large employer plans would be 63% in all. what do you make of this. >> jim engel has been getting into the weeds of this. this is from the federal register. this is their projections of the total 157 million employer policies set to be cancelled next year of the 157 million, next year according to the projections, you had the mid range estimates 76% of the small group, 55% of the large employe
with paul ryan on this. you might remember him from the big deficit reduction in 2010. he was part of that and he killed it. paul ryan's history of working on deals like this is he likes to be seen working on them before he breaks free and calls them impure and kills what he helped to negotiate. i'm not getting excited about this yet. initial reports are positive, long term prospects are dim. even the babiest of babe steps are steps. in a year like this one, a congress like this one, the most meager signs of progress must be nurtured. >> protests do not always have signs and chanting. sometimes their quieter and they look like this. this small group of protestors that received visits from the president, first lady, vice president, today each of the seated protestors who you see here in this ceremony each passed on a responsibility, a certain task to the people kneeling before them. among the group, agreeing to take up the mantle, was this young congressman joe kennedy of massachusetts. >>> in 1968 senator kennedy want to see caesar chavez. he went on to be a figure in labor and soc
ground needs to include several things. smart deficit reduction and investments in education. we have to cut spending and it has to be fair to the middle class. if the position will be to turn off sequester which we must do, we will ask to pay to turn off sequester. that's not going to suit the democrats in congress. we will continue to negotiate and hope that we get to a good fair common ground that is good and fair of the middle class. >> when you say the middle class, what are you referencing to that they have to pay for? >> one of the things is a surcharge on airline tickets. in the context of an overall budget if we have to look at that, we should. to do that and ask middle class people who are traveling to visit with their families. this has to do better than that. >> one question i want to ask you about, when you are not on capitol hill, you moonlight to get democrats elect and get the 17 seats needed to reclaim the majority. a person who has gone out of his way to help you is the president of the united states. they say that the president has not turned down a single fund rais
? this is a massive trillion dollar bailout. >> he said it wouldn't add a dollar to the deficit. the insurance companies knew they would get this. bob, that's why i don't buy when anyone says it will collapse on its own weight, there will be a death spiral. no there won't, because they'll continue to pump money to support it. >> there was a tragic train wreck in new york and the conductor -- the driver lost his insurance because of obama care. and so i think, frankly, that there's a lot of things happening in america today that the problems over obama care. the weather, i mean, everything, it's going terrible. >> are you kidding me? >> the fact of the matter is that the thing is starting to work better and better. why go to the democrats with the proposal? the democrats have to run on it. they know they can't run against it. they voted for the thing. if this earpiece tweets one more time -- so they can't go up there and try to get around it. so they have to run on it. >> what about the bailout for the insurance companies? >> i would bail the insurance companies out if they were drowning in --
. budget deficit $380 million. 17.7% unemployment rate and a quarter of a million people have dropped from the population and down to 700,000 people today. matt, obviously no one wants to see the pensioners who have been used to living on a concern check get less, but it doesn't seem like there is any choices here other than that. >> i don't think anybody wants to see something relying on the pension check to pay their mortgage or food on table, but at the same time, i don't know where the money is coming from. the for ever cents detroit is bringing in 45 cents is going toward debt and it is going to go up to 60 cents they say. >> we have seen this across the county where public unions have cut deals with the government. they are i scratch your back you scratch mine. and that is how this ballooned into this situation where they made promises they can not keep. >> a lot of deals took place a long time ago. but you are running out ouf mof money. detroit, for example, has twice as many pensioners as they do employers in the city. it comes done to math. you have to bring in x-amount of dollars
of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his one-time fiance 50,000 large even though the man claims he never officially popped the question. you can read more by heading to thomas roberts facebook page. you've got to put a ring on it, nice tune. we'll be right back. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specifi
entitlements and the big issues contributing to the debt and deficit. >> we'll see what they can come up with between now and then. that's it for me. i'm be back 5:00 p.m. eastern in "the situation room." "newsroom" continues right now with brooke baldwin. >>> hi, there. i'm brooke baldwin live in new york today. we begin with a story that absolutely broke the nation's heart. i'll never forget it. i was there in newtown. i saw first hand the utter devastation, the anguish upon the faces of those in the community, the first responders, the children because of the shooting at sandy hook elementary school. i talk eed to a first responder trembling with grief. i saw the funeral processions with the tiny white caskets for young first grade victims, and moments ago, we got the 911 calls, these tapes, from that mass shooting in this quaint connecticut town. the 911 calls from inside the school where a gunman murdered 20 children and 6 adults. this is an extraordinarily difficult story to cover today. the release of the tapes, obviously, extremely sensitive. we are fully aware of that he
, on the economy, on health care, on the deficit. that's very specific and has an impact on next year's elections. >> tonight, chris will afford us all the opportunity to watch the president of the united states. >> "hardball" is kicking you know what? it's kicking it old school, man. remember we used to watch "who wants to be a millionaire" and regis had to be on every night. chris was on at 2:00 and 3:00, 12 times a day. he's on 7:00 now. boom. the number one show. >> more popular than peanut butter and jelly sandwiches. >> you embarrass me, joe. >> not so easily embarrassed, chris. i assure our audience. >> i think it's interesting, joe. you ask the greatest question tonight. you know the business. i don't usually need them. i enjoy just duking it out with politicians at a distance. i don't need to beg them to come on my show. i always thought, i see the president pop up on different kind of show, entertainment shows like letterman and leno and i'm thinking why can't we get them. they made some decisions in the white house and may have to do with these numbers you guys are talking about. the p
to cut the deficit in half. not true. remember it was about two weeks ago, three weeks ago where the white house said we're going to have this technical -- we're going to have a tech surge to fix this website. you know what? according to "the new york times," you know how many people were in the tech surge? >> how many? >> six. six people in the tech surge. it really was kind of a p.r. stunt. >> unfortunately it's on the backs. american people. they are 5% roughly, of the 7 million enrolled, they need to have 7 million enrolled to pay for this program, so why tell the truth when the lie will get them there? >> only 15%, they are still behind. >> we'll keep you posted on all that. in the meantime, good morning. heather nauert. >> peter, nice to see you. got news to bring you. we begin with a fox news alert. an update on that deadly train derailment in new york. investigators say that train was going 82 miles per hour in a 30 mile per hour zone, this happening early sunday morning. all seven cars jumped the tracks killing four people and injuring dozens of others. the engineer has
Search Results 0 to 13 of about 14